Vedanta eyeing Cairn stake or assets: report

India-focused mining group Vedanta Resources is in talks to buy assets or take a multibillion-dollar equity stake in British oil and gas exploration company Cairn Energy, a news agency reported.

Talks are at an advanced stage and a deal may be announced later this month, the agency reported, citing people with knowledge of the matter.

The two companies have discussed options ranging from an equity stake and asset purchases to a complete takeover, according to one person cited.

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